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Consolidated Statements of Changes in Equity
 6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Consolidated Statements of Changes in Equity Consolidated Statements of Changes in Equity
The following table provides Edison International's changes in equity for the six months ended June 30, 2020:
 Equity Attributable to Common ShareholdersNoncontrolling Interests 
(in millions, except per share amounts)Common
Stock		Accumulated
Other
Comprehensive Loss		Retained
Earnings		SubtotalPreferred
and
Preference
Stock		Total
Equity
Balance at December 31, 2019$4,990  $(69) $8,382  $13,303  $2,193  $15,496  
Net income—  —  183  183  30  213  
Other comprehensive income—  2  —  2  —  2  
Common stock issued, net of issuance cost88  —  —  88  —  88  
Common stock dividends declared ($0.6375 per share)
—  —  (232) (232) —  (232) 
Dividends to noncontrolling interests ($0.255 - $0.299 per share for preferred stock; $15.625 - $35.936 per share for preference stock)
—  —  —  —  (30) (30) 
Noncash stock-based compensation7  —  —  7  —  7  
Balance at March 31, 2020$5,085  $(67) $8,333  $13,351  $2,193  $15,544  
Net income—  —  318  318  30  348  
Other comprehensive income—  2  —  2  —  2  
Common stock issued, net of issuance cost (Note 13)815  —  —  815  —  815  
Common stock dividends declared ($0.6375 per share)
—  —  (241) (241) —  (241) 
Dividends to noncontrolling interests ($0.255 - $0.299 per share for preferred stock; $15.625 - $35.936 per share for preference stock)
—  —  —  —  (30) (30) 
Noncash stock-based compensation8  —  —  8  —  8  
Balance at June 30, 2020$5,908  $(65) $8,410  $14,253  $2,193  $16,446  
The following table provides Edison International's changes in equity for the six months ended June 30, 2019:
 Equity Attributable to Common ShareholdersNoncontrolling Interests 
(in millions, except per share amounts)Common
Stock		Accumulated
Other
Comprehensive Loss		Retained
Earnings		SubtotalPreferred
and
Preference
Stock		Total
Equity
Balance at December 31, 2018$2,545  $(50) $7,964  $10,459  $2,193  $12,652  
Net income—  —  278  278  30  308  
Other comprehensive income—  2  —  2  —  2  
Cumulative effect of accounting changes1
—  (10) 10  —  —  —  
Common stock dividends declared ($0.6125 per share)
—  —  (200) (200) —  (200) 
Dividends to noncontrolling interests ($0.255 - $0.299 per share for preferred stock; $15.625 - $35.936 per share for preference stock)
—  —  —  —  (30) (30) 
Stock-based compensation—  —  (18) (18) —  (18) 
Noncash stock-based compensation5  —  —  5  —  5  
Balance at March 31, 2019$2,550  $(58) $8,034  $10,526  $2,193  $12,719  
Net income—  —  392  392  30  422  
Other comprehensive income—  1  —  1  —  1  
Common stock dividends declared ($0.6125 per share)
—  —  (200) (200) —  (200) 
Dividends to noncontrolling interests ($0.255 - $0.299 per share for preferred stock; $15.625 - $35.936 per share for preference stock)
—  —  —  —  (30) (30) 
Stock-based compensation—  —  (4) (4) —  (4) 
Noncash stock-based compensation5  —  —  5  —  5  
Balance at June 30, 2019$2,555  $(57) $8,222  $10,720  $2,193  $12,913  
1 Edison International recognized a cumulative effect adjustment to the opening balance of retained earnings and accumulated other comprehensive loss on January 1, 2019 related to the adoption of the accounting standards update on the reclassification of stranded tax effects resulting from Tax Cuts and Jobs Act ("Tax Reform.")
The following table provides SCE's changes in equity for the six months ended June 30, 2020:
(in millions, except per share amounts)Preferred
and
Preference
Stock		Common
Stock		Additional
Paid-in
Capital		Accumulated
Other
Comprehensive
Loss		Retained
Earnings		Total
Equity
Balance at December 31, 2019$2,245  $2,168  $3,939  $(39) $9,514  $17,827  
Net income—  —  —  —  249  249  
Other comprehensive income—  —  —  2  —  2  
Capital contribution from Edison International Parent—  —  269  —  —  269  
Dividends declared on common stock ($0.6185 per share)
—  —  —  —  (269) (269) 
Dividends declared on preferred stock ($0.255 - $0.299 per share) and preference stock ($15.625 - $35.936 per share)
—  —  —  —  (30) (30) 
Stock-based compensation —  —  (5) —  —  (5) 
Noncash stock-based compensation—  —  4  —  (1) 3  
Balance at March 31, 2020$2,245  $2,168  $4,207  $(37) $9,463  $18,046  
Net income—  —  —  —  411  411  
Other comprehensive income—  —  —  1  —  1  
Capital contribution from Edison International Parent—  —  619  —  —  619  
Dividends declared on common stock ($0.6185 per share)
—  —  —  —  (269) (269) 
Dividends declared on preferred stock ($0.255 - $0.299 per share) and preference stock ($15.625 - $35.936 per share)
—  —  —  —  (30) (30) 
Noncash stock-based compensation —  —  3  —  —  3  
Balance at June 30, 2020$2,245  $2,168  $4,829  $(36) $9,575  $18,781  
The following table provides SCE's changes in equity for the six months ended June 30, 2019:
(in millions, except per share amounts)Preferred
and
Preference
Stock		Common
Stock		Additional
Paid-in
Capital		Accumulated
Other
Comprehensive
Loss		Retained
Earnings		Total
Equity
Balance at December 31, 2018$2,245  $2,168  $680  $(23) $8,715  $13,785  
Net income—  —  —  —  323  323  
Other comprehensive income—  —  —  1  —  1  
Cumulative effect of accounting change1
(5) 5  —  
Dividends declared on common stock ($0.4599 per share)
—  —  —  —  (200) (200) 
Dividends declared on preferred stock ($0.255 - $0.299 per share) and preference stock (15.625 - $35.936 per share)
—  —  —  —  (30) (30) 
Stock-based compensation —  —  —  —  (12) (12) 
Noncash stock-based compensation—  —  3  —  —  3  
Balance at March 31, 2019$2,245  $2,168  $683  $(27) $8,801  $13,870  
Net income—  —  —  —  449  449  
Other comprehensive income—  —  —  1  —  1  
Capital contribution from Edison International Parent—  —  1,200  —  —  1,200  
Dividends declared on preferred and preference stock ($0.255 - $0.299 per share for preferred stock; $15.625 - $35.936 per share for preference stock)
—  —  —  —  (30) (30) 
Stock-based compensation —  —  —  —  (1) (1) 
Noncash stock-based compensation —  —  3  —  —  3  
Balance at June 30, 2019$2,245  $2,168  $1,886  $(26) $9,219  $15,492  
1 SCE recognized a cumulative effect adjustment to the opening balance of retained earnings and accumulated other comprehensive loss on January 1, 2019 related to the adoption of the accounting standards update on the reclassification of stranded tax effects resulting from Tax Reform.
Equity
In May 2020, Edison International issued 14,181,882 shares of common stock in a registered direct offering and received approximately $800 million in proceeds, before deducting fees and offering expenses of $14 million. The proceeds were used to pay off debt outstanding under a term loan agreement and for general corporate purposes. Refer to Note 5 for details of the term loan.
In May 2019, Edison International filed a prospectus supplement and executed several distribution agreements with certain sales agents to establish an "at-the-market" ("ATM") program under which it may sell shares of its common stock having an aggregate sales price of up to $1.5 billion. During the three months ended June 30, 2020, Edison International did not issue any shares through the ATM program. During the six months ended June 30, 2020, Edison International issued 391,501 shares through the ATM program and received proceeds of $27 million, net of fees and offering expenses of $0.3 million. The proceeds from the sales were used for equity contributions to SCE and for general corporate and working capital purposes. As of June 30, 2020, shares of common stock having an aggregate offering price of $1.3 billion remained available to be sold under the ATM program. Edison International has no obligation to sell the remaining available shares.
Edison International continued to settle its ongoing common stock requirements of various internal programs through issuance of new common stock. During the three and six months ended June 30, 2020, 448,000 and 1,171,800 shares of common stock were purchased by employees through the 401(k) defined contribution savings plan for net cash receipts of $26 million and $72 million, 20,571 and 333,693 shares of common stock were issued as stock compensation awards for net cash receipts of $1 million and $14 million and 72,910 and 129,019 shares of new common stock were issued in lieu of distributing $5 million and $9 million to shareholders opting to receive dividend payments in the form of additional common stock, respectively.
In the three and six months ended June 30, 2020, SCE received a total of $619 million and $888 million in capital contributions, respectively, from Edison International Parent to support SCE's capital program, maintain the equity portion of SCE's capital structure at authorized levels and for general corporate purposes.